Active

294 Gerrard St E

Toronto Ontario, M5A 2G4

C$3,300,000


Active

13 Beds

8 Baths

Multi-family

Solid Investment Opportunity! Fully Leased 6-Unit Corner Property (Investor Special) with a 5.49% Cap Rate! This income-generating property features 6 beautifully renovated units, including two 2-bedroom apartments. All units have new decks, kitchens, furnaces, and updated plumbing, along with upgraded 200-amp service. The property is well-maintained with a young 8-year-old roof and 9-year-old boiler system, offering minimal maintenance and reliable cash flow. Prime Location & Development Potential: Situated at a high-traffic corner, this property is just a 30-second walk to TTC transit, offering excellent visibility and consistent rental income. With flexible commercial-residential zoning and future development potential, this is a turnkey, high-yield investment with value-add opportunities. Neighbour interest has been expressed, and the motivated seller presents a rare chance to capitalize on long-term capital appreciation. Don't miss this as-is, passive income opportunity!

C8391532

MLS ID

November 21, 2024

Updated

Map

294 Gerrard St E
Toronto Ontario, M5A 2G4

Interior Features

Bedrooms

13


Total Bathrooms

8


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Forced Air, Gas

Exterior/Building Features

Lot Size

0.06 Acres


Architectual Style

Other


Sewer

Other

Other Property Details

Area Name

Cabbagetown-South St. James Town


Taxes

$7,022


Tax Frequency

Annually


Garage

No


Parking

None


Parking Total

0


View

No


County

Ontario


Municipality

Toronto


Water Source

Municipal


Pool

No


Pool Features

None


Zoning

Residential

 

Courtesy of Listed by , INTERNATIONAL REALTY FIRM, INC. BROKERAGE,

Based on information from the Toronto Regional Real Estate Board. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. Information is deemed reliable but is not guaranteed accurate.

©2024 Toronto Real Estate Board. All rights reserved. 

Data last updated 10:08 AM UTC, 11/21/2024

 

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